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AUDUSD Holding Above Friday’s Low In APAC Trading

AUD

AUDUSD is off its Friday low of 0.6636 and is currently trading around 0.6659 down from the intraday high of 0.6665. The USD index is flat but off its intraday low.

  • Aussie is flat against the kiwi at 1.0736 but up against the other major crosses. AUDJPY is up 0.4% to 90.50. AUDEUR and AUDGBP are 0.2% higher at 0.6132 and 0.5345 respectively.
  • Equity markets are mixed with the ASX down 0.2% but the Hang Seng flat and the Nikkei +0.4%. The S&P e-minis are down 0.1%. Oil prices are lower with Brent down 0.5% to $73.81/bbl. Copper is also lower by 0.5% and iron ore is down holding just above $100/t.
  • Later today the European Commission releases updated economic forecasts and the US New York Empire manufacturing index for May prints. Tomorrow the focus is on the publication of the RBA May meeting minutes.
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